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browns the team became the raven's after he moved to baltimore in 96. his dead at the age of 87. those are your news headlines. the fox business network, now back to you. lori: thank you for the update. melissa: $1 billion in cost-cutting. what will those cuts b? charlie gasparino as the two-story. >> reporter: we are getting this from people inside. people that are talking to wall street executives from -- also looking for jobs. this might be the base cost cutting. now, we should point out, not just the business conditions on wall street this tampering, but also an insider-trading scandal, problems with the bank, a japanese bank, so a lot of other issues. this is the most extreme example of what is going on in maastricht, and it's affecting the equities business, the stock trading, banking, research which has been hit particularly hard in the current wall street profit. so this is what we know. telling executives the fox business network has learned, particularly in the equity business essentially to look for other jobs. signaling to these executives that they are winding down their e
orleans, baltimore, l.a. and hot land. cheryl: mayor bloomberg must be so proud. really exciting. good job. in new study by hotelscombined.com find the average hotel rate you went up 70% since last year in the summer months of june, july and august. the city of anaheim recording the highest price increase with a jump of 40% from average daily rate of $109 in 2011 to $155 in 2012. starwood hotels bigger and marriott international, held worldwide making major inroads in china. u.s. and european hotel giant finding their brand among the top ten most searched hotels in china, the oldest hotel company, joins me now. your company, you also made that list as well. something interesting about that data is it seems the sheridan is the first american company to get into china and still winning. what is different about the culture? >> china is a developing country and we are seeing many more chinese travel all over the world land different market segments. the chinese would go for very high and luxury accommodation. some may be more business hotel than mid market so the chinese are learning different
. all right, tonight's nfl game in baltimore something we have not seen in a while. regular refs. what it took to get them back on the field next. ashley: as we head to the break, some of the winners and losers and discover having a good day up nearly 7%. tracy: the refs should be on that list. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. ♪ speed and 30 past the hour. let's get a check at the markets. nicole: we are looking at a triple digit, 100 reef point gain on the dow jones industrial. i do not think you anticipated a move like this today. >> i think the bulk comes from that. nicole: i do not disagree with that. when we talk about the economic figures we have been ge
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